ChargePoint has faced rampant thefts, with CEO Rick Wilmer noting "hundreds and hundreds" of incidents. A common misconception about the value of the copper content in cables has driven these crimes. Despite the limited amount of copper, the thefts continue due to widespread publicity.
ChargePoint's new design aims to significantly deter theft:
- Material Innovation: A robust mix of hardened steel and advanced polymers enhances the cable's resilience.
- Design Influence: ChargePoint's in-house cable production allows for seamless integration of this cut-resistant technology without compromising flexibility or diameter.
- Security Alarm: By incorporating sensors within the cable handle, ChargePoint adds an alarm system, dubbed ChargePoint Protect, to scare off potential thieves.
This technology is not only a game-changer for ChargePoint but is also available for licensing by other industry participants. When combined with the intrusive alarm system, this solution promises to cut repair costs and provide reliable service for EV drivers.
By developing these two innovations, ChargePoint aims to mitigate vandalism-related damages and ensure uninterrupted service for electric vehicle users. This strategic move could compel thieves to shift their focus elsewhere, potentially deterring such crimes in the future.
ChargePoint's approach exemplifies the power of innovation in addressing industry challenges, benefitting not only companies but also consumers in the rapidly growing age of electric mobility.
